Is Benton Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Charter Township is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Benton Charter Township was a Seller's Market.

Key Takeaway

Benton Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Benton Charter Township, MI

How much do homes in Benton Charter Township, MI cost?

Median Sold Price

$150,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$7,625(+5.4%)

Key Takeaway

Homes in Benton Charter Township have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Benton Charter Township was $150,000 in January 2024, up 5.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $127.5K$57K
-55.3%
2 $89.9K$81K
-9.9%
3 $157K$165K
+5.1%
4 $180K$309.9K
+72.2%
5+ $473K$306K
-35.3%

Summary: Benton Charter Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 72.2%, and 5+ bedroom homes decreased by 35.3%.

Median Sold Price Compared To Nearby Cities

Benton Harbor
+21.0%
Benton Charter Township
+5.4%
Royalton Township
+1.9%
Hagar Township
-2.2%

Housing Supply in Benton Charter Township, MI

How many homes are available in Benton Charter Township, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3438+11.8%

Summary: The Benton Charter Township real estate market had 38 homes for sale in January 2024, a 11.8% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 48
+100.0%
3 1920
+5.3%
4 109
-10.0%
5+ 00
0.0%

Summary: The Benton Charter Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Benton Charter Township in January 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Benton Charter Township, MI

How long does it take to sell a home in Benton Charter Township, MI?

Average Sale Time

Jan 2023Jan 2024CHANGE
74 Days137 Days+85.6%

Summary: Homes in Benton Charter Township had an average of 137 days on market in Jan 2024, up by 85.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Benton Charter Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 6 homes were sold in Benton Charter Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Benton Charter Township, MI

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